Island Ribhouse Leases Retail Space In Crown Heights From The Loketch Group For $30/ft

The retail property located at 611 Nostrand Avenue in Crown Heights has been leased by Island Ribhouse. The property, owned by The Loketch Group, was represented by broker Josh Augenbaum of Augenbaum Realty. The lease term is set for 10 years with an asking rent of $30 per square foot for a total of 2,250 square feet.

Summary of transation details

• Property Type: Retail
• Transaction Amount: Lease
• Tenant: Island Ribhouse
• Landlord: The Loketch Group
• Broker: Josh Augenbaum - Augenbaum Realty
• Asking Rent: $30/ft
• Square Footage: 2,250
• Lease Term: 10 years

Josh Augenbaum from Augenbaum Realty served as the representative for The Loketch Group in this lease deal. Island Ribhouse is set to occupy the retail space at 611 Nostrand Avenue for the next 10 years. The lease agreement was made with an asking rent of $30 per square foot, totaling 2,250 square feet.